2020-02-26

A circular dated February 26, 2020 regarding extending the reconciliation period to conduct field inquiries about suppliers of credit clients.

The Central Bank of Egypt has extended the period for Small and Medium-sized Enterprises (SMEs) to implement structural reforms until June 2020. This extension is due to the current economic situation, with the primary aim being to support Egyptian businesses during this challenging time. This decision comes after a thorough assessment of banks' commitment to follow through on previous guidelines and their efforts in facilitating loans and aid for various sectors. The Central Bank of Egypt emphasizes that it highly appreciates the cooperation of all concerned parties.

Egypt

Central Bank of Egypt

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